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"Since it sounds like you are just getting your feet wet in PS, my guess is that you probably are not used to working with vector paths and shapes." 

Why would you guess that? Many people have worked in programs such as Corel Draw or Ai. The terminology the OP uses "convert text to outlines" is most certainly Ai.  My guess is that he wants to manipulate the text as he would be able to do in Ai.